The trend on the 4hour timeframe is bullish . According to Elliott Wave Isolation approach, EURUSD could be on a small retracement though a small upside is expected before completing the retracement at wave 4 . I will be looking for a buy in the Wave 4 Area. The expected wave 4 is also on a very strong Daily support that also serves a strong confluence.



more…

<a href="http://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
See also  #EURUSD approaching pivot, potential for a bounce! for FX:EURUSD by HMC_Trader